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Jacobs Solutions Inc. (NYSE: J) is a global leader in providing comprehensive engineering, design, procurement, construction, and maintenance services. With a workforce of approximately 60,000 employees, Jacobs Solutions operates across diverse sectors, including water, transportation, healthcare, technology, and chemicals. The firm also excels in delivering cutting-edge cyber engineering and security solutions to industrial, commercial, and government clients worldwide.
In fiscal 2023, Jacobs Solutions reported robust financial performance, generating $16.4 billion in revenue and $1.3 billion in adjusted operating income. The company's expertise extends to areas such as water treatment and desalination, where it consistently ranks at the top of Engineering News Record's list of design firms.
One of the company's recent significant achievements is its selection by Water Corporation in Western Australia to design, build, operate, and maintain the Alkimos Seawater Desalination Plant in Perth. This project, in alliance with ACCIONA and Water Corporation, aims to produce up to 26 billion gallons of drinking water annually, addressing water scarcity driven by climate change and population growth.
Jacobs Solutions is also heavily involved in other high-profile projects, including a collaboration with the UK Atomic Energy Authority on engineering design services for fusion energy research, and the development of a new nuclear power plant design for the UK's National Nuclear Laboratory. Moreover, the company is managing a large-scale wastewater treatment plant expansion in Hamilton, Ontario, and enhancing Omaha's wastewater collection network with its Aqua DNA digital solution.
In terms of strategic development, Jacobs is progressing towards the separation and merger of its Critical Mission Solutions and portions of its Divergent Solutions business with Amentum, expected to close in the second half of fiscal 2024. This move is aimed at optimizing the company’s focus and creating more shareholder value.
For the latest updates, news, and developments about Jacobs Solutions Inc., visit their official website or follow them on Facebook, Instagram, LinkedIn, and X.
The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend of $0.21 per share, to be paid on June 25, 2021. Shareholders of record as of the close of business on May 28, 2021 will receive this dividend. Jacobs reported $14 billion in revenue, employing approximately 55,000 individuals. The company specializes in consulting, technical, and project delivery services across various sectors.
Jacobs (NYSE:J) has secured contracts to support U-Battery Developments Ltd and Westinghouse Electric Company U.K. in developing new nuclear power reactors, backed by £40 million in U.K. government funding. The contracts will facilitate advanced manufacturing qualifications and innovative nuclear technologies, focusing on low-cost electricity generation and hydrogen production. Jacobs will utilize its expertise in reactor technology, conducting vital research and mechanical testing essential for the reactors' performance. The initiative aligns with the U.K.'s goal for a clean energy transition.
Jacobs (NYSE:J) and Morrison Utility Services have secured a position on National Grid's six-year Substations Engineering Procurement Construction Framework in the U.K., valued at approximately $1.3 billion. This framework will support National Grid's performance-based regulatory program under RIIO-T2, facilitating the transition to low-carbon generation. As the principal contractor, the JV will manage the construction and decommissioning of high voltage substations. This partnership leverages over 13 years of collaboration, focusing on innovative solutions to reduce costs and enhance sustainability.
Jacobs (NYSE:J) has secured a five-year contract from the Metropolitan Washington Airports Authority to deliver Facilities Condition Assessment and Enterprise Asset Management Services. This initiative is aimed at enhancing the operational efficiency and passenger experience at Ronald Reagan Washington National Airport and Washington Dulles International Airport. The contract encompasses evaluating the management of buildings, analyzing capital investment needs, and prioritizing maintenance projects. Jacobs aims to integrate asset inventories with EAM technology to boost quality and safety.
Jacobs has been appointed by FGEN LNG Corporation to serve as Owner's Engineer for the Interim Offshore Terminal Project in the Philippines. This project will modify an existing liquid fuel jetty for LNG carriers and includes critical infrastructure such as a gas pipeline and monitoring facilities. The terminal will support LNG imports to help transition the Philippines to cleaner energy, aiming to meet the power demands of 4.5 million homes. The project is pivotal for enhancing energy reliability in the region.
Jacobs (NYSE:J) is set to release its fiscal second quarter 2021 earnings results on May 10, 2021, before the market opens. A conference call will follow at 10:00 a.m. ET to discuss the results and operational trends. Jacobs reported $14 billion in revenue and employs approximately 55,000 people, providing a wide range of professional services. The conference call can be accessed through a webcast or by dialing in, with accompanying slides available on their website.
Jacobs (NYSE:J) has marked a significant milestone with the successful on-orbit performance of its Mango One satellite, launched on January 24, 2021. The satellite is performing RF survey missions using advanced AESA technology, paving the way for affordable space radar solutions. Jacobs aims to cut space radar costs by 50% compared to legacy systems, leveraging commercial 5G technology investments. This achievement aligns with Jacobs' strategic vision in the aerospace and defense sector, following its acquisition of KeyW. Jacobs posted $14 billion in revenue and employs approximately 55,000 individuals.
On March 30, 2021, Saint Paul Regional Water Services (SPRWS) selected Jacobs (NYSE:J) for a significant project to enhance the McCarrons Water Treatment Plant, marking the largest capital investment in SPRWS history. The plant, operational since the 1910s, produces 40 million gallons of drinking water daily for 450,000 residents. Upgrades will include lime softening and ozone facilities aimed at improving water quality and reliability, with project completion expected by summer 2025.
Jacobs has been awarded a contract to support the U.S. Air Force's Architecture and Engineering needs globally through the AE Next Program, valued at $2 billion. The contract includes a five-year base period with a five-year renewal option, focusing on professional design and engineering services for projects such as facility renovations and infrastructure development. Jacobs aims to provide innovative, sustainable solutions while reducing life cycle maintenance costs. The company's revenue stands at $14 billion, with around 55,000 employees.
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